Income Tax
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ITAT Deletes Addition Because Gratuity Payments Exceeded Interest Income
Declared Commission Income Cannot Be Ignored While Examining Cash Deposits: ITAT Agra
ITAT Quashes Section 148 Notice as Reassessment Was Initiated Beyond Six-Year Limitation
CBDT Circular Cannot Be Used to Mandate 20% Deposit in Every Stay Application: Delhi HC
ITAT Allows Telescoping as Income Already Declared Cannot Be Taxed Again as Commission
Delhi HC Rejects Section 69C Addition as Genuine Purchases Cannot Be Disallowed Due to Cash Sales
Reopening Invalid as Third-Party Seized Papers Did Not Match Assessee’s Land Transaction: Gujarat HC
Additions for Unaccounted Sales Cannot Be Based on Mere Suspicion or Estimated Production Yield: SC
Chhattisgarh HC Deletes Income Tax Addition as Estimated Yield Was Based on Guesswork
Section 263 Revision Invalid as CIT Raised Issues Beyond Reassessment Scope: ITAT Delhi
ITAT Remands Section 69 Addition as Additional Evidence on PACS Transactions Required Verification
SC Upholds Pay Parity Relief as Juniors Drew Higher Salary Than Seniors After Departmental Exam
ITAT Upholds Section 263 Revision as AO Verified Expenses Only on Random Basis
Why Income Tax Notices Are Increasing in Property Transactions Below Circle Rate
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
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Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
